Pros and cons of staking MetaHash Coin

Currently, staking is one of the most optimal methods for earning passive income with cryptocurrency. To extract maximum profit, it is important to invest in the most promising projects. Using MetaHash Coin as an example, we will tell you what you should pay attention to when choosing crypto for staking.

What is MetaHash?

MetaHash is a new generation blockchain that allows you to carry out instant transactions with cryptocurrencies, as well as create and manage decentralised services in real-time. MetaHash is based on advanced technologies: the TraceChain protocol, the MetaApps cloud service and the MetaGate decentralised application browser.

TraceChain

This protocol solves several problems at once: low speed and lack of usability of blockchain technologies, as well as the high cost of transactions and the complexity of implementation. TraceChain confirms each operation in less than 3 seconds, and due to a self-learning algorithm, it effectively determines the roles of nodes and the optimal order of information distributed through the network. Thanks to this, the technology processes more than 100,000 transactions per second on a single node, which is equivalent to 5 billion transactions per day.

TraceChain also provides complete security for transactions whose validity is verified by five different consensuses. That’s why it’s impossible to gain control over the network even with the help of dominant pools with huge resources.

MetaApps

This cloud service is an evolutionary replacement for smart contracts that allows any service to be decentralised. For example, it is able to provide high speed even under heavy loads, thereby forming a new decentralised internet.

Applications in MetaApps work in real-time like regular websites. Due to decentralisation, the principles of operation of such programs cannot be changed even by their creators without taking into account the vote of their users. The same goes for changes in crypto projects that cannot happen without the opinion of coin holders.

MetaGate

MetaGate is a blockchain browser for decentralised applications. It is the gateway to the decentralised internet, which exists in parallel with the global network, but compiles with its own rules. In particular, it cannot be modified or blocked. MetaGate comes pre-packed with a multi-currency wallet MetaHashWallet for storing MetaHash Coin, Ethereum, Bitcoin and other cryptocurrencies, as well as decentralised applications and a browser for working with them. Through open-source, developers can also embed parts of the MetaGate code into their applications and browsers.

MetaHash Coin

MetaHash Coin (MHC) is the cryptocurrency of the MetaHash project. It ensures the reliability of the network, its regulation, self-financing and development. In particular, MHC tokens are used to carry out and pay for transactions. Thanks to this, you can make instant payments with any assets at a fixed price. MHC also provides any decentralised application or smart contract with resources for development, including the MetaHash project.

The growth of MetaHash Coin is based on the liquidity of the cryptocurrency, the manufacturability of the project and the growth of the MetaHash community. The MHC issue is 9,200,000,000 coins. As the project develops, the number of tokens in circulation will decrease, and the value of the asset will increase. In addition, the scarcity of cryptocurrency and its high liquidity are provided by the increase in the capitalisation of MetaHash and its community. Also, due to the record speed and manufacturability of the blockchain, other crypto projects will use it to create their own services. This will ensure listings on the most popular exchanges and wallets, as well as mass adoption of MHC by the crypto community.

Read more about MetaHash’s development plans.

What is staking?

Staking is the process of holding coins to keep the blockchain running. In exchange, stakers receive a guaranteed reward from the network. Staking is an effective way to earn passive income, as it does not require special knowledge or expensive equipment. In addition, you can make a profit with minimal investment. On the aStake platform, you can start earning with as little as $15.

How does MetaHash Coin staking work?

Staking is a vital part of the MetaHash ecosystem, as holding MHC tokens in a wallet keeps the entire blockchain running. Users participate in the confirmation of network transactions, receiving a reward of 17% per annum. MHC staking on the aStake platform is fully automated – all technical procedures and handled by the system.

Pros and cons of MetaHash staking

The main advantage of staking MetaHash Coin is obtaining stable passive income. Another advantage is the low entry threshold – you can start earning with a minimum investment of 2048 MHC (~$15-$50). Also thanks to cooperation with the aStake platform, it’s usable even for beginners – all staking processes are provided by the automated system.

Among the disadvantages of staking MetaHash Coin is the need to freeze your assets for a year. Such a time frame helps protect your assets from exchange rate fluctuations and FOMO (fear of missing out), and ensures maximum profit. In addition, there is a limit for investment – you can deposit up to $300,000 during one staking session.

How much can you earn on MetaHash staking

Profit from staking MetaHash Coin is 17% per year. You can also earn up to 18% on aStake’s partnership program and on the rate of MHC.

Find out about aStake’s partnership program

Learn more

Staking risks

The aStake platform ensures the complete safety and reliability of funds placed in staking. You do not transfer funds to a trust management firm – all assets are kept in your wallet, to which only you have access. Therefore, the main risk is the loss of access to the wallet. However, this can be easily avoided: simply keep the private key to your wallet and its password in a safe place and do not share it with anyone.

How the aStake platform works

The process of MetaHash Coin staking on the aStake platform is carried out in several steps:

To start staking and receive a stable income from the MHC cryptocurrency, go through a simple registration process on astake.io.

Conclusions

Staking MetaHash Coin is the best way to earn a stable passive income with minimal investment. Besides this, you can earn on MHC’s exchange rate. With the help of aStake, you can also receive additional income from the partnership program.

Register on aStake today to receive guaranteed income while maintaining full control of your funds.